Solved: Should I list 2 1099-r separately? Will I chose rollover or cash out?
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ahgden77
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Should I list 2 1099-r separately? Will I chose rollover or cash out?

 
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BMcCalpin
Level 13

Should I list 2 1099-r separately? Will I chose rollover or cash out?

Yes, you should enter on the federal all 1099-R forms separately.

As for the question of "what did you do with the money", if you moved the amount to another retirement plan or traditional IRA within 60 days, then answer so - this makes the distribution a rollover.

But if you did not make the 60 limit or if you used the money for something else, then answer "I did something else with it".

If you put part of the distribution into a retirement plan or IRA and spent the rest, then answer "[name] moved the money to another retirement account (or returned it to the same retirement account)." TurboTax will now prompt you to indicate if you moved all or it to a retirement account or just some of it.

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BMcCalpin
Level 13

Should I list 2 1099-r separately? Will I chose rollover or cash out?

Yes, you should enter on the federal all 1099-R forms separately.

As for the question of "what did you do with the money", if you moved the amount to another retirement plan or traditional IRA within 60 days, then answer so - this makes the distribution a rollover.

But if you did not make the 60 limit or if you used the money for something else, then answer "I did something else with it".

If you put part of the distribution into a retirement plan or IRA and spent the rest, then answer "[name] moved the money to another retirement account (or returned it to the same retirement account)." TurboTax will now prompt you to indicate if you moved all or it to a retirement account or just some of it.

View solution in original post

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